When former President Donald Trump took the stage at the biggest bitcoin conference of the year in Nashville, it marked a significant turning point in the landscape of American politics. Trump’s appearance at the conference, alongside his hosting of a high-priced fundraiser, underscored the increasing importance of the fintech sector in shaping the upcoming 2024
Enterprise
SK Hynix, a major player in the memory chip industry, has announced plans to invest a staggering 9.4 trillion Korean won to build a new semiconductor manufacturing plant in South Korea. The construction of this fabrication plant, located in South Korea’s Yongin Semiconductor Cluster, is a strategic move in the country’s ambitious plans to establish
In the second quarter, Apple faced tough competition in the Chinese smartphone market and was edged out of the top five vendors list. This was primarily due to the increasing dominance of domestic brands such as Huawei. Apple’s market share in China dropped to 14%, down from 15% in the first quarter and 16% in
SK Hynix, a major player in the memory chip industry, recently reported its second-quarter results. The company’s revenue of 16.42 trillion Korean won and operating profit of 5.47 trillion Korean won exceeded expectations. The strong performance was attributed to the increasing demand for memory products, especially high-bandwidth memory needed for AI computing. This surge in
Elon Musk, the CEO of Tesla, recently sparked curiosity by posting an informal poll on social media platform X, proposing a $5 billion investment into his latest venture, xAI. This move raised eyebrows and fueled speculation among investors and enthusiasts alike. Following Tesla’s second-quarter earnings call that fell short of analysts’ expectations, Musk took to
Wiz’s decision to walk away from a $23 billion deal with Google has sparked discussions in the tech industry. The co-founder, Assaf Rappaport, cited antitrust and investor concerns as part of the motivation behind this decision. This move signifies a shift towards prioritizing their initial public offering and reaching $1 billion in annual recurring revenue.
The rise of artificial intelligence-powered agents working together in a “multi-agent AI” system is projected to become a reality by 2025, according to Capgemini. This innovative system will involve a network of agents collaborating to solve tasks in a distributed and cooperative manner. Pascal Brier, the Chief Innovation Officer at Capgemini, emphasized that companies are
The landscape of cyber threats in corporate enterprise IT is evolving rapidly, with large-scale attacks becoming increasingly prevalent. While companies invest heavily in cybersecurity defenses to combat malicious hackers, a different kind of threat has been emerging that often goes unnoticed – the single-point failure. These errors in a specific part of a system can
The recent global IT outage caused by a botched software update from cybersecurity company CrowdStrike sent shockwaves across the world. Computer screens went blue, flights were grounded, and businesses resorted to pen and paper. The impact of this incident highlighted the fragility of our modern society’s dependence on IT systems and the dire consequences of
The cybersecurity firm CrowdStrike faced a significant setback when an update led to a major outage that impacted businesses globally. Following the incident, the company’s shares plummeted by 15% in U.S. premarket trading. CrowdStrike, known for its software that helps firms manage security in IT environments, experienced a substantial blow due to a defect found